Policy and Regulation
Track and interpret changes in AI policies and regulations worldwide, discussing their impact on the industry and businesses.
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Track and interpret changes in AI policies and regulations worldwide, discussing their impact on the industry and businesses.
Last updated
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Introduction: Understanding the policies and regulations surrounding artificial intelligence is crucial for businesses to navigate the legal landscape and ensure compliance. This section provides insights into the latest legislative changes, regulatory impacts, and compliance requirements for AI technologies across different regions.
Executive Order 14110 on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" (October 2023) This executive order focuses on ensuring AI safety and security through robust evaluations, policies, and mechanisms to test and mitigate risks.
SB 1047 is a proposed California bill that aims to regulate the development and deployment of large AI models by requiring safety protocols, testing procedures, and oversight to prevent potential harms.
UK government's announcement of £8.5 million in research grants aimed at improving society's resilience to the risks arising from the development of new AI technologies.
The European Parliament has passed the Artificial Intelligence Act, marking the world's first legally binding AI legislation. This act is designed to ensure safety and adherence to fundamental rights while fostering innovation. Key components include:
Safeguards for general artificial intelligence
Restrictions on the use of biometric identification systems by law enforcement
A ban on social scoring and AI that exploits users' vulnerabilities
Granting consumers the right to lodge complaints and receive meaningful explanations
The act prohibits certain AI applications that pose a threat to citizens' rights and imposes obligations based on the potential risk and impact of AI. The legislation was approved with 523 votes in favor, 46 against, and 49 abstentions. Lawmakers assert that this act will reduce risks, create opportunities, combat discrimination, and enhance transparency while safeguarding workers' and citizens' rights.
